Rocket Lab Corp (RKLB)

Nasdaq · Common Stock · Guided Missiles & Space Vehicles & Parts

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

14 entities across 5 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-02-26 — see the exhibit.

Which other public companies file entities in the same places:

Delaware10 New Zealand1 District of Columbia1 New Mexico1 Australia1

Subsidiaries of Rocket Lab Corp as disclosed in its SEC filing
Entity	Jurisdiction	Note
Rocket Lab USA, Inc.	Delaware
Rocket Lab Global Services, LLC	Delaware
Rocket Lab Limited	New Zealand
ASI Aerospace LLC	Delaware
Planetary Systems Corporation	District of Columbia
SolAero Holdings, Inc.	Delaware
SolAero, LLC	Delaware
SolAero Technologies Corp.	Delaware
SolAero Solar Power LLC	Delaware
SolAero IRB Company, LLC	New Mexico
Rocket Lab Australia Pty Ltd.	Australia
Rocket Lab National Security LLC	Delaware
Rocket Lab Composites LLC	Delaware
LightRidge Interco Solutions Holdings, Inc.	Delaware

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 9

FAILReturn on assets positiveROA -8.5%
FAILOperating cash flow positiveOCF -166M
PASSReturn on assets improving-16.1% → -8.5%
PASSCash flow exceeds earningsOCF -166M vs NI -198M
PASSLong-term debt ratio falling3.7% → 0.1% of assets
PASSCurrent ratio improving2.04 → 4.08
FAILNo share dilution496M → 531M shares
PASSGross margin improving26.6% → 34.4%
FAILAsset turnover improving0.37× → 0.26×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$35.2M	−$55.0M	−$52.9M	-33.6%	75,414,888
FY2021	$62.2M	−$117.3M	−$97.5M	-3.0%	209,895,135
FY2022	$211.0M	−$135.9M	−$148.9M	9.0%	466,214,095
FY2023	$244.6M	−$182.6M	−$153.6M	21.0%	481,768,060
FY2024	$436.2M	−$190.2M	−$116.0M	26.6%	495,929,861
FY2025	$601.8M	−$198.2M	−$321.8M	34.4%	530,664,781

Ownership flow

18 institutions tracked — 9 added, 6 reduced, 3 opened a new position. Index money added 3,043,803 shares while active managers cut 2,074,593.

Institutional holders of Rocket Lab Corp and their share-count change
Manager	Kind	Shares	Change	Value
BAILLIE GIFFORD & CO	Value	10,384,512	−8,043,531	$1.1B
JPMORGAN CHASE & CO	Active fund	13,895,613	+3,205,608	$1.4B
BlackRock, Inc.	Index	40,580,130	+2,594,134	$4.1B
MORGAN STANLEY	Active fund	6,895,400	+1,511,851	$700.9M
CITADEL ADVISORS LLC	Hedge fund	10,611,300	+1,315,919	$1.1B
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	2,410,922	+659,770	$245.1M
ARK Investment Management LLC	Active fund	1,631,207	−612,449	$165.8M
STATE STREET CORP	Index	14,442,067	+517,316	$1.5B
BANK OF AMERICA CORP /DE/	Active fund	4,301,823	−231,539	$437.3M
Point72 Asset Management, L.P.	Hedge fund	117,800	−216,800	$12.0M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	354,071	+206,872	$34.9M
Capital World Investors	Active fund	7,370,414	+128,330	$749.2M
GEODE CAPITAL MANAGEMENT, LLC	Index	10,503,238	−67,647	$1.1B
FMR LLC	Active fund	3,701,770	+6,836	$376.3M
Bridgewater Associates, LP	Hedge fund	11,267	−5,460	$1.1M

NORGES BANK, WELLINGTON MANAGEMENT GROUP LLP, RENAISSANCE TECHNOLOGIES LLC hold a position with no prior filing to compare against, so their change is unknown rather than zero — and they are left out of the totals above.

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Identity

CIK: 0001819994
FIGI: BBG01V7JN3F3
SIC: 3760 · Guided Missiles & Space Vehicles & Parts
Headquarters: LONG BEACH, CA

Ownership

Institutional: 62.0%
Institutions: 1,474
Insiders: 0.8%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other guided missiles & space vehicles & parts companies

Rocket Lab Corp files under SIC 3760 — all 5 guided missiles & space vehicles & parts companies compared on assets and F-score.

LOCKHEED MARTIN CORPLMT KRATOS DEFENSE & SECURITY SOLUTIONS, INC.KTOS Redwire CorpRDW Voyager Technologies, Inc./TXVOYG

Questions about Rocket Lab Corp

How many subsidiaries does Rocket Lab Corp file with the SEC?: 14, listed in its most recent exhibit 21. They are incorporated across 5 jurisdictions, led by Delaware, New Zealand, District of Columbia. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is Rocket Lab Corp financially healthy?: Rocket Lab Corp scores 5 out of 9 on the Piotroski F-score. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of Rocket Lab Corp?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), STATE STREET CORP (adding), JPMORGAN CHASE & CO (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

Download the terminal See pricing

Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

14 entities across 5 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-02-26 — see the exhibit.

Entity

Jurisdiction

Note

Rocket Lab USA, Inc.

Delaware

Rocket Lab Global Services, LLC

Delaware

Rocket Lab Limited

New Zealand

ASI Aerospace LLC

Delaware

Planetary Systems Corporation

District of Columbia

SolAero Holdings, Inc.

Delaware

SolAero, LLC

Delaware

SolAero Technologies Corp.

Delaware

SolAero Solar Power LLC

Delaware

SolAero IRB Company, LLC

New Mexico

Rocket Lab Australia Pty Ltd.

Australia

Rocket Lab National Security LLC

Delaware

Rocket Lab Composites LLC

Delaware

LightRidge Interco Solutions Holdings, Inc.

Delaware

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

5 / 9

FAILReturn on assets positiveROA -8.5%
FAILOperating cash flow positiveOCF -166M
PASSReturn on assets improving-16.1% → -8.5%
PASSCash flow exceeds earningsOCF -166M vs NI -198M
PASSLong-term debt ratio falling3.7% → 0.1% of assets
PASSCurrent ratio improving2.04 → 4.08
FAILNo share dilution496M → 531M shares
PASSGross margin improving26.6% → 34.4%
FAILAsset turnover improving0.37× → 0.26×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$35.2M	−$55.0M	−$52.9M	-33.6%	75,414,888
FY2021	$62.2M	−$117.3M	−$97.5M	-3.0%	209,895,135
FY2022	$211.0M	−$135.9M	−$148.9M	9.0%	466,214,095
FY2023	$244.6M	−$182.6M	−$153.6M	21.0%	481,768,060
FY2024	$436.2M	−$190.2M	−$116.0M	26.6%	495,929,861
FY2025	$601.8M	−$198.2M	−$321.8M	34.4%	530,664,781

Ownership flow

18 institutions tracked — 9 added, 6 reduced, 3 opened a new position. Index money added 3,043,803 shares while active managers cut 2,074,593.

Institutional holders of Rocket Lab Corp and their share-count change
Manager	Kind	Shares	Change	Value
BAILLIE GIFFORD & CO	Value	10,384,512	−8,043,531	$1.1B
JPMORGAN CHASE & CO	Active fund	13,895,613	+3,205,608	$1.4B
BlackRock, Inc.	Index	40,580,130	+2,594,134	$4.1B
MORGAN STANLEY	Active fund	6,895,400	+1,511,851	$700.9M
CITADEL ADVISORS LLC	Hedge fund	10,611,300	+1,315,919	$1.1B
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	2,410,922	+659,770	$245.1M
ARK Investment Management LLC	Active fund	1,631,207	−612,449	$165.8M
STATE STREET CORP	Index	14,442,067	+517,316	$1.5B
BANK OF AMERICA CORP /DE/	Active fund	4,301,823	−231,539	$437.3M
Point72 Asset Management, L.P.	Hedge fund	117,800	−216,800	$12.0M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	354,071	+206,872	$34.9M
Capital World Investors	Active fund	7,370,414	+128,330	$749.2M
GEODE CAPITAL MANAGEMENT, LLC	Index	10,503,238	−67,647	$1.1B
FMR LLC	Active fund	3,701,770	+6,836	$376.3M
Bridgewater Associates, LP	Hedge fund	11,267	−5,460	$1.1M

Questions about Rocket Lab Corp

How many subsidiaries does Rocket Lab Corp file with the SEC?

14, listed in its most recent exhibit 21. They are incorporated across 5 jurisdictions, led by Delaware, New Zealand, District of Columbia. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is Rocket Lab Corp financially healthy?

Rocket Lab Corp scores 5 out of 9 on the Piotroski F-score. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of Rocket Lab Corp?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), STATE STREET CORP (adding), JPMORGAN CHASE & CO (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.